Gold price completes negative pattern – Analysis - 01-06-2022
Economies.com
2022-06-01 04:26AM UTC
Gold price continued its negative pressure to break 1838.10 level and close the daily candlestick below it, to complete forming double top pattern that we expect to push the price to achieve more decline on the intraday basis, to head towards testing 1810.00 followed by 1780.00 levels as next main targets.
Therefore, the bearish bias will remain suggested in the upcoming sessions, noting that breaching 1850.00 will stop the current negative pressure and lead the price to rise again.
The expected trading range for today is between 1815.00 support and 1850.00 resistance.
The expected trend for today: Bearish
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